Volatility
in the Turkish lira has declined dramatically, finding other hotspots. Risky
attempts by the Turkish Central Bank to thwart a speculative attack have paid
off, providing respite to the national currency.

 

The
dollar has been mainly in a range of 13.10-13.90 Turkish liras so far this

The
cryptocurrency market lost 2% of its capitalisation in the past day to $2.0trn.
Buyers stepped up in the market between 8-11 January, soon after a dip to this
round level. But as we can see, the bulls‘ strength was not prolonged enough.

 

The
Crypto Fear and Greed Index added 2 points to 24.

And will likely cover its neighbouring prefectures as well. Expect an announcement to come some time this week, with reports citing that it could be imminent on Wednesday. From earlier this week:More virus restrictions set to come in JapanMore on Tokyo to enter a ‚quasi‘ state of emergency

Prior -7.4
Outlook 51.7 vs 32.7 expected
Prior 29.9

The current conditions reading slumped to start the new year but the key takeaway for me is the sharp jump in the outlook reading. That reveals that investors are more upbeat about overall conditions in the months ahead, with ZEW not

Of note, USD/JPY has erased its earlier advance from around 114.80 to 114.58 currently.

Elsewhere, we are seeing the dollar firm slightly against the commodity currencies in particular with USD/CAD moving up from 1.2500 to 1.2520 levels. Meanwhile, AUD/USD is down 0.3% to 0.7187 and NZD/USD down

There are a couple of big ones for USD/JPY to take note of, as highlighted in bold.However, with it being a US holiday, there might not be much interest considering the price levels and lack of meaning action so far on the day. Both the dollar and yen are mildly softer as risk tones are holding u

China published mixed economic data noting a slowdown in a year-over-year comparison, but some of the data exceeded expectations. The Chinese renminbi has been on the offensive against the US dollar for the past week, bringing USDCNH back to test the lows of the past six months. The economy gre

That is up from 33 cases the day before. But while travel curbs – especially to Beijing – have been imposed, the city of 14 million is managing to avoid a total lockdown for the time being. That said, there are plenty of road closures and public transport limitations with 64 of the city’s 87 bus ser

Overall momentum of China’s economy is soundChina will continue with reform and opening upWorld economy still faces constraintsThe world has found itself in a new period of turbulence and transformationCountries should strengthen economic policy coordinationThose are rather general remarks but they

The Reuters report says that this in part efforts to move attention away from the events in Downing Street as of late, as Boris Johnson looks to reset his agenda after coming under fire over the party he attended during lockdown in 2020.The removal of „Plan B“ would appease many in the Tory party, s